This scrip is expected to give breakout in the coming days, as it is on the verge of breakout. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
This scrip is expected to give breakout as it has low risk set up. So traders keep on your radar to catch the momentum and enjoy the profit. Thanks to all 🙏🙏🙏
1. Good breakout with volumes ,
2. In last 6 months, promoter holding in the company has increased by 2.79%
3. Cup and handle formation in week pattern
The posting is only for educational purpose. Please do your own research before taking trading or investing
IFCI : CMP 14.90
trade set up :
1. buy above 16
2. keep stop loss as 13.50
3. expected target 22+
technical buy based on :
1. cup and handle breakout .
Positional Trade: IFCI has taken support at 10.30 and momentum suggests it would revisit the highs at 16.
By: IFCI
CMP: 13.80
Target: 16
Stop Loss: 12.90
Keep an eye for IFCI to break this falling trend line on a monthly chart. It could be a slow burn . Just keep an eye and only enter if the price closes above the trend line on a daily chart.
( make a eye on IFCI. Its an analysis only and ask your financial advisor before taking any trade.)
IFCI is looking good at this point. As you can see its at a support zone and chances are very high that its go up from here after some consolidation.
So above 13.00 it can break its high of 16.00 .
IFCI Ltd. engages in the provision of financial services. It offers financial products which includes loan products, project finance, corporate finance, syndication & advisory and structured debt and mezzanine products, debenture trustee, NPA resolution and NPA sales. The company was founded on July 1, 1948 and is headquartered in New Delhi, India.
NSE
